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Author: Laqiqige Zhu
Publisher:
ISBN:
Category : Climatic changes
Languages : en
Pages : 88
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Book Description
As the world cooperates to combat climate change, China, as the biggest greenhouse gas emitter, announced that it would launch a national carbon emission trading scheme (ETS) in 2017. Before this national ETS, China had already had seven pilots operated since 2013. These seven pilots are: Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei, Shenzhen, and they are running different ETS system according to their regional specific characteristics. Though the pilots have run for three years, there is limited quantitative research on their environment abatement effect. Most of the existing studies are qualitative and focusing on policy recommendations. This study tries to fill this gap and explore the ETSs impact on CO2 emission reductions quantitatively. I compare ETS pilots with non-ETS provinces, using a fixed effect model and synthetic control methods, to understand the effect of the pilot program on CO2 emissions. My regression results do not show a statistically significant negative relationship between being as ETS and the CO2 emissions. The synthetic control method suggests a negative relationship and a policy effect, after 2011 when the ETS was first announced.
Author: Laqiqige Zhu
Publisher:
ISBN:
Category : Climatic changes
Languages : en
Pages : 88
Get Book Here
Book Description
As the world cooperates to combat climate change, China, as the biggest greenhouse gas emitter, announced that it would launch a national carbon emission trading scheme (ETS) in 2017. Before this national ETS, China had already had seven pilots operated since 2013. These seven pilots are: Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei, Shenzhen, and they are running different ETS system according to their regional specific characteristics. Though the pilots have run for three years, there is limited quantitative research on their environment abatement effect. Most of the existing studies are qualitative and focusing on policy recommendations. This study tries to fill this gap and explore the ETSs impact on CO2 emission reductions quantitatively. I compare ETS pilots with non-ETS provinces, using a fixed effect model and synthetic control methods, to understand the effect of the pilot program on CO2 emissions. My regression results do not show a statistically significant negative relationship between being as ETS and the CO2 emissions. The synthetic control method suggests a negative relationship and a policy effect, after 2011 when the ETS was first announced.
Author: Daiqing Zhao
Publisher: Springer
ISBN: 9811318883
Category : Science
Languages : en
Pages : 274
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Book Description
This book systematically introduces readers to the framework of China’s ETS pilots, exploring their design and operating process, the current state of the carbon market, and various barriers encountered. To do so, it deconstructs the Guangdong ETS, which is the largest and most representative of China’s seven ETS pilots. The book subsequently describes and evaluates all seven pilots in terms of their efficiency, macro and micro effects, the method involved in the DEA model, the CGE model, and cost-benefit analysis. In turn, in the assessment section it demonstrates how some ETS pilots have failed to control carbon emissions due to inordinately high emissions quotas issued by the local government etc. Further, it argues that ETS should focus on those industries with large emissions and high mitigating potential for the time being, and then gradually expand the scale of its coverage. As China’s national ETS is slated for launch on the basis of the lessons learned from the ETS pilots, the book offers a timely and valuable resource for all those who want to understand and forecast the development of China’s ETS. It includes a wealth of descriptions and explanations of Chinese government policies involving carbon emissions control, making it a unique resource.
Author: Shaozhou Qi
Publisher: World Scientific
ISBN: 9811279179
Category : Business & Economics
Languages : en
Pages : 474
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Book Description
This book integrates the theory and practice of carbon trading at home and abroad, focusing on major theoretical and practical issues of establishing an emissions trading scheme (ETS) in China during its transition to a low-carbon economy. First, a theoretical analysis of the relationship between the transformation of the low-carbon economy and ETS is presented. Second, policy design, institutional evolution, market operation and practical effects of the major global ETSs are systematically compared. Third, the theoretical basis, key points, modelling methods, computational simulation, policy options and operational steps for key institutional and designing of policy elements in China's ETS are analyzed individually. Finally, policy recommendations for the top-level design of China's ETS are proposed.
Author: Sherry Glied
Publisher: OUP Oxford
ISBN: 0191667161
Category : Business & Economics
Languages : en
Pages : 992
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Book Description
The Oxford Handbook of Health Economics provides an accessible and authoritative guide to health economics, intended for scholars and students in the field, as well as those in adjacent disciplines including health policy and clinical medicine. The chapters stress the direct impact of health economics reasoning on policy and practice, offering readers an introduction to the potential reach of the discipline. Contributions come from internationally-recognized leaders in health economics and reflect the worldwide reach of the discipline. Authoritative, but non-technical, the chapters place great emphasis on the connections between theory and policy-making, and develop the contributions of health economics to problems arising in a variety of institutional contexts, from primary care to the operations of health insurers. The volume addresses policy concerns relevant to health systems in both developed and developing countries. It takes a broad perspective, with relevance to systems with single or multi-payer health insurance arrangements, and to those relying predominantly on user charges; contributions are also included that focus both on medical care and on non-medical factors that affect health. Each chapter provides a succinct summary of the current state of economic thinking in a given area, as well as the author's unique perspective on issues that remain open to debate. The volume presents a view of health economics as a vibrant and continually advancing field, highlighting ongoing challenges and pointing to new directions for further progress.
Author: Qin Tianbao
Publisher: Edward Elgar Publishing
ISBN: 1788972945
Category : Law
Languages : en
Pages : 245
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Book Description
Emissions Trading Systems (ETS) have been hailed as a game changer for the evolving climate crisis. This book provides an in-depth analysis of China’s carbon ETS, including its legal and policy frameworks, carbon market mechanisms, and international and comparative implications.
Author: ZIXIAN LIU
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Environmental pollution and global warming have already significantly damaged the natural ecological environment, and greenhouse gas emissions from human activities are the primary culprit of the phenomena from the 20th century. China gives the issue of climate change a lot of attention and actively uses carbon emissions trading to encourage emission reduction. This study investigates how China's carbon emission trading scheme has affected carbon emissions by constructing a heterogeneous timing DID model based on the data from 14 provinces in China from 2007-2019. The study finds that: the 1% significance level with a coefficient of -0.069 implies that the policy reduces carbon emissions by 6.9% on average. The role of the carbon market is significant, and the finding passes the robustness tests. There is spatial heterogeneity in the effects of policy implementation in different regions and provinces with different industrial scale; the government's emphasis on clean energy consumption is the mechanism of action of low ETS pilot policies to promote regional emission reduction. And our study finds that when the regional market degree is relatively backward, the effect of the ETS pilot policy on CO2 treatment is more obvious. And the effect of the ETS pilot policy on CO2 governance is more significant in provinces with a relatively low degree of market.
Author: Suwan(Cheng) Long
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In September 2011, the General Office of China's National Development and Reform Commission issued the Notice on the Pilot Project of Carbon Emissions Trading. Over the past decade, the carbon emission trading system (ETS) has gradually developed in China. Based on a quasi-natural experiment of China's carbon emission trading market pilot program, a PSM-DDD model is used to test the impact of the policy on the EPS of listed companies which is classified as key GHG emitters in the pilot region from 2009 to 2014, accurately evaluate the impact of the ETS policy, and compares it with the DID method. The empirical results show that the carbon trading pilot policy reduces the EPS of firms, which is due to the higher cost of meeting the emission reduction obligations and the purchase of carbon allowances.
Author: Tsun Se Cheong
Publisher: Frontiers Media SA
ISBN: 2832514324
Category : Technology & Engineering
Languages : en
Pages : 343
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Book Description
China’s national carbon market, the world’s largest emissions trading scheme (ETS), kicked off its first online trade recently. This can be called a milestone for the country towards the nation’s goals of having CO2 emissions peak before 2030 and achieving carbon neutrality by 2060. China’s national ETS initially covers the power sector, before being expanded to a much broader set of energy-intensive industries. On one hand, the electricity sector, the largest carbon-emitting industry, is responsible for about 40% of China’s emissions, and it has great significance to response to global climate change. On the other hand, the effectiveness of China’s ETS will rest on how well it is coordinated with power market regulations and policies. In this regard, the deepening of reform, as well as the advanced technology and its applications in the electricity market will add new challenges and opportunities to electricity trade, which, in turn, influences national ETS. Therefore, this brings urgency to accurately capture the dynamic interactions between national ETS and electricity market to transform carbon trading into a practical and effective way to decarbonize the power sector.
Author: Kai Fang
Publisher: Taylor & Francis
ISBN: 1000968901
Category : Political Science
Languages : en
Pages : 205
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Book Description
This book seeks to model the possible emission trajectories and identify the feasible mitigation schemes for China to meet its climate commitments to peak emissions before 2030 and net zero emissions before 2060. In line with these ambitions, China has taken a number of measures to improve carbon efficiency and energy structure in recent years. The book first analyzes changes in the carbon footprint at the city level, identify the different pathways to peak emissions by province and industry, and develop a bottom-up approach to determining when and how China could reach peak emissions. It then illustrates how the Emissions Trading Scheme (ETS) reduces abatement costs, and examines the cost-saving effects under carbon intensity reduction and peak emissions targets. Based on the findings and the status quo in China, the authors propose a multicriteria allocation scheme for carbon emission allowances at the provincial level and quantify the impact of sectoral coverage on the abatement costs of the ETS by developing a cost-based approach to sectoral coverage in China. In addition, the co-benefits between CO2 and PM2.5 reductions as a result of the ETS operation are elaborated. The book will benefit researchers and policy-makers interested in environmental governance, climate policy, environmental economics, and sustainable development.
Author: Peter Christoffersen
Publisher: Academic Press
ISBN: 0123744482
Category : Business & Economics
Languages : en
Pages : 346
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Book Description
The Second Edition of this best-selling book expands its advanced approach to financial risk models by covering market, credit, and integrated risk. With new data that cover the recent financial crisis, it combines Excel-based empirical exercises at the end of each chapter with online exercises so readers can use their own data. Its unified GARCH modeling approach, empirically sophisticated and relevant yet easy to implement, sets this book apart from others. Five new chapters and updated end-of-chapter questions and exercises, as well as Excel-solutions manual, support its step-by-step approach to choosing tools and solving problems. Examines market risk, credit risk, and operational risk Provides exceptional coverage of GARCH models Features online Excel-based empirical exercises
